Maple Leaf looks to sell Canada Bread

22 October, 2013

ByGeorgi Gyton

Maple Leaf Foods Inc is in talks to sell its 90% interest in Canada Bread - parent company of Maple Leaf Bakery in the UK.

A special committee has been set up by the board of directors at Canada Bread, who have been advised that Maple Leaf is looking to explore “strategic alternatives” for its bakery business, including the potential sale of its 90% interest in the firm.

Canada Bread has said there is no guarantee the process being undertaken by Maple Leaf will result in the consummation of any transaction.